The State Savings Bank of Manistique
Also written as SSB of Manistique
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Data as of · sourced from FFIEC call reports. How we update
The State Savings Bank of Manistique is an FDIC-insured commercial bank headquartered in Manistique, MI, supervised by the Federal Reserve, with $178.2M in total assets at Q2 2026, up 7.5% from Q2 2025, the 56th largest of 72 banks headquartered in Michigan. It was established in 1917 and holds FDIC certificate 13249. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.64% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 13249
- Headquarters
- Manistique, MI
- Established
- 1917
- Total assets, Q2 2026
- $178.2M
- Assets vs Q2 2025
- +7.5%
- Tier 1 leverage ratio, Q2 2026
- 9.64%
- Domestic offices
- 3 · The State Savings Bank of Manistique branches FDIC institution directory, current count
- Routing number
- 091110093
- Safety and soundness
- Is The State Savings Bank of Manistique safe?
- Latest call report
- Q2 2026, FFIEC 051 · The State Savings Bank of Manistique Q3 2026 call report, filed October 16, 2026 (preliminary)
- Holding company
- SSB, INC.
- Asset rank in state
- 56th of 72 in Michigan
Problem loans are rising at The State Savings Bank of Manistique. The Manistique, Michigan bank had $178 million in assets at June 30, 2026, up 7.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.70% of loans from 0.07% a year earlier. It keeps 3.15 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 2,627 banks with $100 million to $1 billion in assets (median 3.96 cents). It also grew deposits 11.3% over the year, about triple the median of 4.1% for banks its size.
Net income for the quarter rose 12% from a year earlier, to $398,000. Paper losses on its bond portfolio are shrinking: unrealized losses of $3.7 million equal 22% of Tier 1 capital, down from 30% a year earlier. Where it has less room is capital: it funds 9.64% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, The State Savings Bank of Manistique reported a return on assets of 0.89%, a nonperforming-loan ratio of 0.70% and a Texas ratio of 4.27%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, The State Savings Bank of Manistique is the 56th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.5% to $178.2M, loans fell 1.4% and deposits fell 3.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 44.2% of total loans, ahead of owner-occupied commercial real estate loans at 20.7%. Its 3 offices in the FDIC Summary of Deposits are in Manistique, MI, Curtis, MI and Gulliver, MI; its Manistique office books 76% of its branch deposits. By the capital ratios in its Q2 2026 call report, The State Savings Bank of Manistique meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 101 S Cedar St, Manistique, MI 49854
- County
- Schoolcraft
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 7, 1917
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $154.1M
- Allowance for credit losses
- $997K
- Net charge-offs (YTD)
- $3K
- Average total assets
- $179.6M
- Average total loans
- $93.8M
- Average interest-bearing deposits
- $146.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 13249
- Fed RSSD
- 259956
- Website
- www.statesavingsbank.com →
- Parent Holding Company
- SSB, INC. (RSSD 1137686)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, The State Savings Bank of Manistique reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
The State Savings Bank of Manistique's total assets moved between a low of $159.1M (Q4 2023) and a high of $182.8M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$178.2M total assets against $165.8M; $163.8M total liabilities against $152.9M.
$92.2M net loans and leases against $84.8M; $154.1M total deposits against $138.4M.
$71.2M securities against $63.6M; $3.1M cash and balances due against $4.7M.
$2.1M total interest income against $1.8M; $737K total interest expense against $632K.
$1.4M net interest income against $1.1M.
$113K total noninterest income against $175K; $1.0M total noninterest expense against $905K.
$22K provision for credit losses against $23K.
$398K net income against $356K.
0.89% return on assets against 0.86%; 3.15% net interest margin against 2.80%.
9.64% tier 1 leverage ratio against 10.23%.
Inside the full The State Savings Bank of Manistique terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe State Savings Bank of Manistique rankings
Its closest position to the top of a national ranking is 1,491 of 3,640, for Texas Ratio; its furthest is 2,741 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.14% (Q4 2024) to 0.89% (Q2 2026) and its net interest margin ran from 2.57% (Q3 2024) to 3.15% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.64% | 0.89% | 0.70% | 4.27% | 3.15% |
| Q1 2026 | 9.46% | 0.67% | 0.14% | 0.87% | 2.94% |
| Q4 2025 | 10.03% | 0.22% | 0.09% | 0.52% | 3.01% |
| Q3 2025 | 10.20% | 0.73% | 0.09% | 2.30% | 2.88% |
| Q2 2025 | 10.23% | 0.86% | 0.07% | 2.30% | 2.80% |
| Q1 2025 | 10.10% | 0.69% | 0.08% | 2.51% | 2.57% |
| Q4 2024 | 10.19% | -0.14% | 0.53% | 3.71% | 2.71% |
| Q3 2024 | 10.31% | 0.67% | 0.51% | 3.84% | 2.57% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| The State Savings Bank of Manistique | Manistique , MI | 49854 | $117.8M |
| Curtis Branch | Curtis , MI | 49820 | $27.5M |
| Gulliver Branch | Gulliver , MI | 49840 | $8.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MI, rank 73 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $128K approved, $128K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2006 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The State Savings Bank of Manistique
What are The State Savings Bank of Manistique's total assets?
As of the Q2 2026 filing, The State Savings Bank of Manistique reported total assets of $178.2 million in its FFIEC call report.
Where is The State Savings Bank of Manistique headquartered?
It is headquartered in Manistique, MI, United States.
When was The State Savings Bank of Manistique founded?
It was established in 1917, per the FDIC institution directory.
Is The State Savings Bank of Manistique FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13249). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The State Savings Bank of Manistique?
The State Savings Bank of Manistique's primary federal regulator is the Federal Reserve.
How many branches does The State Savings Bank of Manistique operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The State Savings Bank of Manistique's Texas Ratio?
Its Texas Ratio is 4.27% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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